An economist is testing the hypothesis that the employment rate for law school graduates is different from

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An economist is testing the hypothesis that the employment rate for law school graduates is different from 86.7%. The economist is using a 5% significance level and these hypotheses: H₀: p = 0.867 and H_a: p ≠ 0.867. Explain what the 5% significance level means in context.

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So if your significance level is 005 the corresponding c...View the full answer

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Dudhat Vaidehi

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